#Kraken Waives Trading Fees for FTX Creditors#
Hot Topic Overview
Overview
Kraken announced a crypto trading fee waiver of up to $50,000 for new customers receiving funds from FTX. This comes after Kraken was chosen as one of the partners to distribute funds to former FTX customers. As these payouts will be made in USD, Kraken wants to minimize the cost for users to reinvest this money into crypto, so new Kraken users receiving funds from FTX will receive a fee waiver allowing them to purchase up to $50,000 worth of crypto on Kraken Pro without paying any trading fees. The amount of the waiver will be based on the amount of funds received and will be credited to the customer's account upon receipt of the FTX distribution.
Ace Hot Topic Analysis
Analysis
Kraken announced a crypto trading fee waiver for new users who choose to receive funds from FTX, up to $50,000. This initiative aims to help FTX creditors more conveniently reinvest the funds they receive into the cryptocurrency market. Kraken stated that since FTX creditors will receive funds in USD, they will offer free trading to minimize the cost for users to reinvest this money into cryptocurrencies. Specifically, new users who choose to receive funds from FTX on Kraken will be able to purchase up to $50,000 worth of cryptocurrencies on Kraken Pro without paying any trading fees. The amount of the trading fee waiver will be based on the amount of the FTX distribution received by the user and will be credited to the customer's account upon receipt of the FTX distribution. This move is considered a strategy for Kraken to attract FTX creditors and further expand its user base.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Kraken offers trading fee waivers to FTX creditors to encourage them to reinvest their allocated funds into the cryptocurrency market.
Kraken's move aims to attract former FTX customers and help them more easily use their allocated funds to purchase cryptocurrencies.
Kraken's trading fee waivers can be up to $50,000, which is a significant benefit for FTX creditors.
Kraken's move could help boost the recovery of the cryptocurrency market and attract more users to participate in cryptocurrency trading.